Global Markets Shaken by AI Concerns
Rising US Treasury yields and risk warnings regarding artificial intelligence technologies have caused volatility in global markets.
Driven by concerns triggered by supply disruptions in the Middle East and rising energy prices, the US 10-year Treasury yield surged above 5%, while declines in artificial intelligence stocks negatively impacted Wall Street.
Bond Yield Exceeds 5 Percent
The US 10-year Treasury yield climbed above the 5% level for the first time in nearly three years as inflation concerns mounted. This development also led to increases in global bond yields in Japan and Europe.
Warnings on Artificial Intelligence Risks
Warnings by Anthropic researchers that powerful models could slip out of human control and pose a threat drew attention. Industry leaders called for a slowdown in the pace of advanced artificial intelligence development.
Declines in Stock Exchanges and Chip Shares
South Korea fell 3.3%, Japan 0.8%, Europe 0.5%, and US indices followed a negative trend. Chipmakers dropped 6%, while Nvidia lost 3.4% and Intel lost 5.6% in value.
Upcoming Data and Fed Expectations
Markets are awaiting the Federal Reserve's interest rate decision and upcoming economic data from China. Meanwhile, Canadian Prime Minister Mark Carney met with global investors in Toronto.